|Bid||2.71 x 38800|
|Ask||0.00 x 1100|
|Day's Range||2.66 - 2.79|
|52 Week Range||2.62 - 5.54|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.01 (0.35%)|
|1y Target Est||N/A|
Iamgold’s Q2 2018 Results Were a Mixed Bag: Is Outlook Better? Iamgold (IAG) has multiple organic growth opportunities, and it’s pursuing expansion opportunities at existing deposits. The company expects initial resource estimates from some of these projects.
Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of Hecla Mining Company (NYSE:HL) as an investment opportunity by taking theRead More...
A small-cap silver miner exchange traded fund was leading the markets Thursday on strong second quarter earnings results out of Pan American Silver Corp. (Nasdaq, TSX: PAAS), the world’s second-largest ...
Additionally, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on August 7. Index (PMI) data, output in the Basic Materials sector is rising.
The Coeur d`Alene, Idaho-based company said it had profit of 3 cents per share. Earnings, adjusted for non-recurring gains, were 1 cent per share. The results beat Wall Street expectations. The average ...
An Idaho mining company notified environmental regulators Tuesday that it was halting reclamation work at a closed silver and copper mine in northwest Montana, amid a legal fight with the state over cleanup expenses at other sites. State officials blamed Hecla for the work stoppage, while Republican lawmakers backed the company and said the state’s lawsuit was at fault. The dispute underscores growing tensions over allegations by the state that Mr. Baker bears responsibility under Montana’s “bad actor law” for ongoing pollution at several mines owned by his former employer, Pegasus Mining.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Basic Materials sector is rising.
Hecla Mining Company (NYSE: HL ) recently acquired new mining initiatives in hopes to increase production and growth opportunities. The Analysts JPMorgan analyst John Bridges moved Hecla stock to an Overweight ...
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Basic Materials sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
The revival in precious metal prices on Friday, June 29, caused a rebound in miners. The fall in metals on Monday once again caused mining stocks to plummet.
As we know, precious metal mining companies tend to react to the changes in the metals they mine. The fluctuations in these companies are more dependent on metals than the broader equity markets.
Of the silver miners (SIL) we’re covering in this series, Hecla Mining (HL) has the fewest “buy” ratings. Only 40% of analysts are recommending a “buy” for the stock. Tahoe Resources (TAHO) has “buy” ratings from 47% of the analysts covering the stock.
Monetary policies have been crucial in determining the movement in precious metals. The rising interest rate supports the US dollar. The higher the interest rate, the more money will flow to the higher-paying country.
Most of the precious metals and their mining companies have witnessed a choppy market in most of 2018, thanks to slumping metal prices. Precious metals are more closely associated with the downturn in these precious metals rather than the overall sentiment of the equity markets.
Gold posted a fifth straight day of decline on Thursday, June 28, touching a fresh six-month low of $1,244.80. Gold ended the day at $1,247.80 per ounce. The precious metal trended lower despite the drawdown of the US dollar and the lower-than-expected US economic data.
Among the mining companies that had a rough week due to the declining prices of precious metals include Hecla Mining (HL), Eldorado Gold (EGO), IamGold (IAG), and Kinross Gold (KGC). Although precious metal mining companies belong to the equity segment of the market, they tend to closely react to the fluctuations in precious metals.
Montana environmental regulators asked a judge on Monday to ban the head of a giant mining company from exploring or opening any new mines in the state until he is no longer in violation of Montana’s “bad actor” law. “If you abandon your reclamation responsibilities, you need to complete them before you can explore or mine again in this state,” said DEQ Director Tom Livers. The cleanup of Pegasus’ Zortman-Landusky gold mine near the Fort Belknap Indian Reservation in north-central Montana is also expected to have a permanent future cost of $2 million a year to treat waterways polluted by the mine’s cyanide, arsenic and other contamination.
Index (PMI) data, output in the Basic Materials sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
Buenaventura (BVN) is one stock you should avoid as it has seen a significant price decline and is also seeing negative earnings estimate revisions.
The US Dollar Index (or DXY), which prices the dollar against a basket of six major world currencies, was up 0.36% on the day, and it’s risen almost 3.3% in the last month. The US dollar (UUP) remains a core determinant for gold and other precious metals. During the last month, gold and silver have fallen 2.5% and 1.4%, respectively.
In this part of the series, we’ll analyze mining stocks’ correlation with gold. Gold dominates the four precious metals, and silver, platinum, and palladium are known to closely track its movement.